Donald Trump vowed as candidate and newly elected president to “do a number” on Dodd Frank, the sweeping 2010 financial services and consumer regulatory reforms and Dodd Frank’s sidekick, the Volcker Rule. While directives by presidential fiat to Trump’s Treasury Secretary, Steven Mnuchin, and regulators to take initial steps, the congressional action needed to overturn Dodd Frank is far less certain.
The “Border Adjustment Tax” (BAT) endorsed recently by President Trump is his administration’s first foray into international economics. It is an inauspicious start.
I have just published a new article, "Why the U.S. Can't Ignore Latin America's Security Challenges," with my Colombian Co-author Dr. Roman Ortiz, in the journal World Politics Review.
The article examines the security challenges currently facing Latin America and the Caribbean, and finds a surprisingly large number of areas where a combination of political, criminal, and other dynamics could present significant challenges for policymakers from the U.S. and the region in the coming months.
I am sharing my new monograph, "Indian and Chinese Engagement in Latin America and the Caribbean: A Comparative Assessment."
One of the oft-repeated themes of Candidate (then President) Trump is that the world has been taking advantage of us at every turn, and that China is the main culprit. The evidence presented is that China has been systematically manipulating its currency to boost its exports and discourage imports, thus contributing to the massive U.S trade deficit. However, the evidence is a dollar short and a couple of years late. If anything, China has been struggling in the past 18 months to prevent its currency from depreciating too rapidly.
So far, President Trump has demonstrated that he will try to make good on his campaign promises, though the process may be anything but pretty. We cannot recall a president who started out “fighting” on so many fronts: still confirming most of his cabinet, nominating a Supreme Court Justice and multiple sweeping executive orders on domestic and international matters. Until the rollout of corporate and other tax proposals, which at this rate may come sooner than expected, the economic focus should be on Trump’s trade policy.
I am sharing an article on the topic of Taiwan-PRC diplomatic competition in Central America.
The article examines the recent visit by Taiwan's president Tsai Ing-wen to Central America, in the context of the possible breakdown of the informal "diplomatic truce" which has prevailed between Taiwan and mainland China since 2008.
This work is available from the ejourunal "Global Taiwan Brief," and the full text can be found below as well.